Mr. Speaker, I am pleased that the parliamentary secretary believes there is a problem, but I am astonished that he could put forth the notion that there is not an issue of concern when we have Sinopec, CNOOC and PetroChina buying from Iran and investing in Canada at the same time, the same subsidiaries in and out of the same pockets.
When we talk about nuclear issues, we know that we have just approved the sale of yellowcake from Saskatchewan to China under terms that the U.S. finds too shaky to meet the terms of the nuclear non-proliferation treaty. We cannot track yellowcake adequately under these new rules. We, therefore, could be not only dealing with companies that buy the Iranian oil and prop up that regime, as China props up Syria, but we could also be in a situation where Canadian yellowcake makes its way into the Chinese nuclear program or even into the Iranian nuclear program. We cannot track these sales.
We have let the horse out of the barn without paying attention. In 2009, when we amended the Investment Canada Act, we should have put a clause in, as the experts recommended, for national security checks to be included. We have no protection. We are not paying attention.